Canada Pension Plan Investment Board reduced its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 21.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 73,443 shares of the company’s stock after selling 20,478 shares during the period. Canada Pension Plan Investment Board’s holdings in Activision Blizzard were worth $4,228,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. purchased a new position in shares of Activision Blizzard during the second quarter worth $142,000. Huntington National Bank raised its position in shares of Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after buying an additional 1,366 shares during the period. Guardian Life Insurance Co. of America raised its position in shares of Activision Blizzard by 1.9% in the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock worth $133,000 after buying an additional 51 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Activision Blizzard by 504.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,023 shares of the company’s stock worth $151,000 after buying an additional 2,523 shares during the period. Finally, Family Legacy Inc. purchased a new position in shares of Activision Blizzard during the second quarter worth $232,000. 87.39% of the stock is owned by institutional investors.

Shares of Activision Blizzard, Inc (ATVI) opened at 64.01 on Thursday. The firm has a market cap of $48.32 billion, a P/E ratio of 43.22 and a beta of 1.07. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $64.48. The company’s 50 day moving average price is $61.15 and its 200 day moving average price is $54.42.

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ATVI has been the topic of a number of recent research reports. Credit Suisse Group reiterated an “outperform” rating and set a $62.00 target price (up previously from $61.00) on shares of Activision Blizzard in a research note on Friday, May 5th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Wednesday, July 5th. Morgan Stanley reiterated an “overweight” rating and set a $67.00 target price on shares of Activision Blizzard in a research note on Saturday, July 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $59.00 target price (up previously from $53.00) on shares of Activision Blizzard in a research note on Tuesday, May 2nd. Finally, Benchmark Co. reiterated a “buy” rating and set a $57.88 target price (up previously from $53.96) on shares of Activision Blizzard in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Activision Blizzard presently has an average rating of “Buy” and an average target price of $62.56.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the transaction, the chief executive officer now directly owns 48,472 shares in the company, valued at approximately $2,972,303.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total transaction of $228,212,050.00. Following the transaction, the director now owns 189,791 shares in the company, valued at $11,753,756.63. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,074,879 shares of company stock worth $252,196,001. Insiders own 2.12% of the company’s stock.

About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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